CNH Industrial (NYSE:CNH) Posts Earnings Results

CNH Industrial (NYSE:CNH) posted its quarterly earnings data on Friday. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.05), Zacks reports. The business had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.22 billion. CNH Industrial had a return on equity of 10.79% and a net margin of 4.55%.CNH Industrial’s revenue for the quarter was down 5.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.24 EPS. CNH Industrial updated its FY 2025 guidance to 0.440-0.50 EPS.

CNH Industrial Stock Down 6.0%

CNH Industrial stock traded down $0.61 during trading on Friday, reaching $9.65. 35,861,290 shares of the company’s stock were exchanged, compared to its average volume of 16,447,439. CNH Industrial has a 52-week low of $9.00 and a 52-week high of $14.27. The firm has a market cap of $12.07 billion, a price-to-earnings ratio of 14.84 and a beta of 1.52. The company has a debt-to-equity ratio of 3.52, a quick ratio of 10.34 and a current ratio of 12.33. The company’s 50-day moving average is $10.77 and its two-hundred day moving average is $12.04.

Hedge Funds Weigh In On CNH Industrial

Institutional investors and hedge funds have recently bought and sold shares of the stock. Transamerica Financial Advisors LLC raised its stake in shares of CNH Industrial by 923.2% during the second quarter. Transamerica Financial Advisors LLC now owns 3,653 shares of the company’s stock valued at $47,000 after purchasing an additional 3,296 shares during the period. Headlands Technologies LLC acquired a new stake in CNH Industrial during the 2nd quarter valued at $61,000. Canada Pension Plan Investment Board acquired a new stake in CNH Industrial during the 2nd quarter valued at $88,000. EverSource Wealth Advisors LLC increased its stake in CNH Industrial by 56.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 8,206 shares of the company’s stock worth $106,000 after buying an additional 2,970 shares during the period. Finally, Boothbay Fund Management LLC acquired a new position in CNH Industrial in the 2nd quarter worth $140,000. Hedge funds and other institutional investors own 59.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on CNH shares. JPMorgan Chase & Co. reduced their target price on CNH Industrial from $13.00 to $12.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 2nd. Oppenheimer decreased their target price on shares of CNH Industrial from $16.00 to $13.00 and set an “outperform” rating on the stock in a research report on Thursday, September 18th. Barclays dropped their price target on shares of CNH Industrial from $16.00 to $14.00 and set an “overweight” rating for the company in a research report on Monday, October 20th. Truist Financial decreased their price target on shares of CNH Industrial from $17.00 to $14.00 and set a “buy” rating on the stock in a report on Wednesday, October 8th. Finally, The Goldman Sachs Group downgraded CNH Industrial from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $12.50 to $11.50 in a report on Wednesday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $14.65.

About CNH Industrial

CNH Industrial NV is an equipment and services company, which develops, manufactures and sells specialized machines and services for the farming and construction industries, and supplies replacement parts and accessories. It operates through the following operating segments: Agriculture, Construction, and Financial Services.